Statutes of Limitations and Repose - As enacted, specifies that a party filing a counterclaim, third-party complaint, or cross-claim related to the design, planning, supervision, or construction of an improvement of real property is not subject to the four-year statute of repose. - Amends TCA Title 28.

HB 734 modifies Tennessee's statute of repose for construction-related claims by removing a four-year time limit for specific counterclaims. It exempts parties filing counterclaims, third-party complaints, or cross-claims related to the design, planning, supervision, or construction of real property improvements from the standard four-year deadline. This change directly affects contractors, architects, and other professionals involved in construction disputes who face such claims. The bill amends Tennessee Code Annotated, Title 28, and takes effect July 1, 2025.